Hui Ka Yan rose from modest beginnings to become the billionaire founder of China Evergrande, once one of the country’s biggest property developers. His aggressive expansion helped build a vast business empire, but heavy borrowing eventually left the company unable to meet its obligations. Evergrande’s collapse triggered losses for homeowners, investors and creditors, turning Hui into a symbol of China’s property crisis. His life sentence marks a dramatic fall from influence and highlights Beijing’s determination to punish corporate misconduct and financial excess.
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